After a continued battle with US congressmen on concerns over national security, China telecom equipment maker Huawei Technologies is turning away from the country, the Financial Times reported. “We are not interested in the US market anymore,” the company’s chief executive Eric Xu said at its annual analyst summit on Tuesday. Huawei has repeatedly denied allegations from US politicians and security officials that it’s a national security threat, but all the same has failed to secure contracts from top US mobile operators such as Sprint Nextel (S.NYSE). Congressman Mike Rogers called on the US government and private sector to refuse advances from Huawei and smaller China telecom company ZTE in October.
Correction: An earlier version of this news brief incorrectly listed a stock ticker for Huawei Technologies, which is unlisted and has no relation to the listed toymaker Huawei Technology.